Single-day $9.99B → $135M: $BTC spot ETFs’ inflows are slowing down
1. On Sept. 21, U.S. BTC spot ETFs saw net inflows of $999M in a single day—hitting a 2026 high.
2. Then a continuous slowdown: about $191M on Sept. 24, about $135M on Sept. 25; the seven-day cumulative inflows total roughly $2.98B.
3. On Sept. 16, the Fed raised rates by 25bp to 3.75%-4.00% (from the prior range of 3.50%-3.75%).
One-year inflation expectations rose from 4.0% to 4.6%, U.S. 30-year Treasury yields have already broken 5.5%, and October rate-hike pricing at one point moved close to 70%.
Current market conditions show BTC is trading around $84.2k.
The price has slipped from above $87k and even dipped below $84k at one point.
With price weakening but ETFs still seeing inflows, it looks like spot is still absorbing demand—but the momentum to chase has cooled.
The real variable is whether the next day’s net inflow can stop the decline, and whether October rate-hike expectations keep rising.
If inflows accelerate again while prices remain soft, that would be more like spot bids propping things up on its own.
1. On Sept. 21, U.S. BTC spot ETFs saw net inflows of $999M in a single day—hitting a 2026 high.
2. Then a continuous slowdown: about $191M on Sept. 24, about $135M on Sept. 25; the seven-day cumulative inflows total roughly $2.98B.
3. On Sept. 16, the Fed raised rates by 25bp to 3.75%-4.00% (from the prior range of 3.50%-3.75%).
One-year inflation expectations rose from 4.0% to 4.6%, U.S. 30-year Treasury yields have already broken 5.5%, and October rate-hike pricing at one point moved close to 70%.
Current market conditions show BTC is trading around $84.2k.
The price has slipped from above $87k and even dipped below $84k at one point.
With price weakening but ETFs still seeing inflows, it looks like spot is still absorbing demand—but the momentum to chase has cooled.
The real variable is whether the next day’s net inflow can stop the decline, and whether October rate-hike expectations keep rising.
If inflows accelerate again while prices remain soft, that would be more like spot bids propping things up on its own.